Corner Storefront with Loading
For Sale
$324,814
Pending
1022 E Michigan Avenue, Paw Paw, MI 49079
Commercial Sale, Paw Paw, MI
Property Size3,696 SF
Lot Size0.99 Acres
Days on Market426
Property Features for 1022 E Michigan Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
commercial serv
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Elementary school district
Paw Paw
Middle school district
Paw Paw
High school district
Paw Paw
Directions
CORNER OF E MICHIGAN & HASTINGS E of downtown PawPaw Village
Subdivision
Greater Kalamazoo - K
Standard status
Pending
APN
804170000810 & 804170000801
Size
3,696 SF
Lot size
0.99 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
2008-A 7-3-13 752-896 673-19 1194-103 1373-788 1625-189 *** BEG AT NE COR OF HASTINGS ADD, TH N 1 DEG W ALG EXT OF E L
Tax Annual Amount
3362
Legal Description
2008-A 7-3-13 752-896 673-19 1194-103 1373-788 1625-189 *** BEG AT NE COR OF HASTINGS ADD, TH N 1 DEG W ALG EXT OF E L
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air
Amenities
loading dock
Building Details
Year built
1950
Number of units
1
Building materials
Aluminum Siding
Roof type
Metal
Listing Agency:
Premier Properties of Southwest Michigan LLC
(269) 806-7069
Listed By:
Barbara Wagar Curley
(269) 217-9094
Added: Aug 11, 2025
Changed: Oct 8
Last Checked: Oct 10 at 5:06PM
MLS# 25040777
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial storefront property includes a 3,696-square-foot front building and a 3,120-square-foot pole barn with a loading dock. The storefront faces the corner of E Michigan Avenue and Red Arrow Highway, while a secondary entrance is available from Hastings Street. The front building includes a bathroom and is constructed with aluminum siding. A metal roof, forced-air heat, and natural gas availability are also reported. Interior contents are excluded from the property sale and will be removed separately.
Key Highlights
- 3,696‑square‑foot commercial storefront building
- 3,120‑square‑foot pole barn with loading dock
- Corner exposure at E Michigan Avenue and Red Arrow Highway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,180
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,600
$463.6K
Cap Rate 7%
$331,143
$331.1K
Cap Rate 9%
$257,556
$257.6K
Market Conditions
NOI Build-Up for 3,696 SF
Gross rent
$27.9K $7.56/SF
− Vacancy
−$671 −$0.18/SF
EGI
$27.3K $7.38/SF
− OpEx
−$4.1K −$1.11/SF
NOI
$23.2K $6.27/SF
Area
Van Buren County, MI
Vacancy
2.40%
Lease Rate
$7.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,600
Cap Rate 7%
$331,143
Cap Rate 9%
$257,556
Alternative Uses
Best Use
Retail
$548.1K
$479.6K – $639.5K
NOI $38,368 @ 7.0% cap · market cap 11.81%
Second Best
Warehouse
$331.1K
$289.8K – $386.3K
NOI $23,180 @ 7.0% cap · market cap 7.14%
Theoretical Best
Multifamily LT 5
$45.70M
$39.99M – $53.32M
NOI $3,199,029 @ 7.0% cap · market cap 984.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Dock-high doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49079, MI
13,766
Population
6,019
Households
2.3
Avg Household Size
42
Median Age
25%
College-Educated
93%
High-School Grad
83.4 sq mi
ZIP Area
165
Density / Sq Mi
$72,119
Median Household Income
$41,376
Median Earnings
$841
Median Rent
$214,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- Tuttle Floral Co. — 33108 Red Arrow Hwy, Paw Paw, MI 49079
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial storefront with prominent road exposure, a detached storage building, and secondary access from Hastings Street.
Where is this storefront property located?
The property is located at 1022 E Michigan Avenue Paw Paw, MI.
What is the asking price?
The asking price for this property is $324,814.
What are key features of this property?
This property features: 3,696‑square‑foot commercial storefront building; 3,120‑square‑foot pole barn with loading dock; Corner exposure at E Michigan Avenue and Red Arrow Highway
